Spending
Authored by Rebecca Wood
Financial Education
12th Grade
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58 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
someone who receives something with a promise to return it or its equipment
borrower
credit
foreclosures
tax lien
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
businesses hired by lenders to pursue payments on debts that borrowers have not paid back according to the terms of the credit contract
collection agency
foreclosures
credit score
credit report
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a person who is equally responsible for paying back debt under the credit terms
co-signer
foreclosures
credit score
credit report
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
refers to goods, services, and/or money received in exchange for a promise to pay back a definite sum of money at a future rate
credit
foreclosures
credit score
credit report
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a record of the borrower's past loans and credit-related transactions
credit history
foreclosures
credit score
credit report
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
agencies that create credit reports based on the information they receive from lenders regarding a borrower's account history with that lender. Sometime called credit bureaus.
credit reporting agencies
foreclosures
credit score
credit report
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
a record of a person's use of credit
credit history
foreclosures
credit score
credit report
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